should move through the $20, $24.15, $25 and $30 previous bearish resistance levels with some gusto as the economic recovery takes hold. You would expect a bullish resistance level of say $34 to be hit as the economic recovery sentiment takes hold and Roaring 20s growth story evolves.
CBA is already removing automatic deferrals, all the pessimism appears unfounded, Westpac seems well placed to recover fantastically as a result IMHO along with ANZ and NAB not to mention the regionals all of which were hit quite savagely by the pessimistic sentiment which IMHO appear unfounded.
WBC Price at posting:
$18.79 Sentiment: Hold Disclosure: Not Held
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